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Jose Olmedo
Jose is 28 years old, married, and lives in Chimbo. He has three children.

He is a farmer. He grows potatoes. He will invest the money in the purchase of fertilizers and seeds. The money has been of great help to him, and it has allowed him to increase production.

Jose's dream is to increase production so that he can have a better quality of life. He enjoys going out for walks with his wife and children in his spare time.
View original language description ↓
JOSE TIENE 28 AÑOS ES CASADO VIVE EN CHIMBO TIENE TRES HIJOS.

SE DEDICA A LA AGRICULTURA A LA SIEMBRA DE PAPAS EL DINERO LO VA A INVERTIR EN LA COMPRA SE FERILIZANTES SEMILLAS Y ABONOS EL DINERO DE LE AYUDADO DE GRAN MANERA QUE HA PODIDO AUMNETAR LA PRODUCCION.

EL SUEÑO DE JOSE ES AUMENTAR LA PRODUCCION PARA TENER UNA EJOR CALIDAD DE VIDA. EN LOS TIEMPOS LIBRES LE GUSTA SALIR A CAMINAR CON LA ESPOSA Y CON LOS HIJOS.

Additional Information

About Cooperativa San Jose

This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!

About Ecuador

  • $10,600
    Average annual income
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jose Olmedo to purchase fertilizers and seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 10, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 19, 2013